June 13, 2023
Deutsche Bank named the world’s best for Reg Tech and Europe’s highly commended for Digital Portfolio Management in Wealth Tech awards
Deutsche Bank’s International Private Bank (IPB) received two awards during the PWM Wealth Tech Awards 2023 last week.
IPB was named the world’s best for ‘Reg Tech’ by PWM The Banker in the industry’s awards for wealth management technology. The award recognised the IPB for its in-house built tool that covers the KYC process end-to-end, automating manual tasks and reducing paperwork by 30%. eKYC provides Relationship Managers in Wealth Management with a solution that documents the risk assessment process of the customer and enables the electronic signature at all levels of approval. eKYC uses state-of-the-art technology, powered by Google Cloud.
The PWM The Banker (part of the Financial Times group) Wealth Tech Awards 2023 were announced at a ceremony in London yesterday.
This is the first time Deutsche Bank’s internal application set up on Google Cloud has been recognised with an industry award.
PWM also gave the IPB high commendation as the best bank in Europe for digital portfolio management. This is the second time the bank is recognized for the digital portfolio management solutions by PWM The Banker, after receiving the award for the first time in 2019.
Head of Transformation, Francesca Dalla-Giovanna said: “PWM’s recognition of our industry leadership illustrates our passion for creating the best-in-class Relationship Manager and client experience by leveraging the latest technology, all powered by our Agile-at-scale operating model and Agile mindset.”
Deutsche Bank’s wealth management business embarked upon digital Agile transformation in 2019, which then accelerated with the formation of the International Private Bank in 2020.
Global Chief Operating Officer Sandra Wirfs said: “In 2019, we brought together business transformation and technology teams into one global agile operating model to focus on clients’ and Relationship Managers’ needs, bringing client-centric views from the outside-in. These awards recognise the impact of our agile transformation on our client-centric processes and are testament to the global team which made it possible.”
For further information please contact:
Deutsche Bank AG
Media Relations
Stuart Haslam
Email: stuart.haslam@db.com
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.